Standard Family Office LLC Sells 805 Shares of Ecolab Inc. (NYSE:ECL)

Standard Family Office LLC lowered its stake in shares of Ecolab Inc. (NYSE:ECL) by 10.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,166 shares of the basic materials company’s stock after selling 805 shares during the quarter. Ecolab comprises approximately 0.4% of Standard Family Office LLC’s investment portfolio, making the stock its 17th largest position. Standard Family Office LLC’s holdings in Ecolab were worth $1,534,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ECL. Inverness Counsel LLC NY raised its holdings in Ecolab by 14.5% in the first quarter. Inverness Counsel LLC NY now owns 9,765 shares of the basic materials company’s stock worth $2,090,000 after purchasing an additional 1,240 shares during the period. Vontobel Holding Ltd. raised its holdings in Ecolab by 19.3% during the 1st quarter. Vontobel Holding Ltd. now owns 177,427 shares of the basic materials company’s stock worth $37,983,000 after buying an additional 28,718 shares during the period. Madison Asset Management LLC lifted its stake in Ecolab by 5.3% in the first quarter. Madison Asset Management LLC now owns 24,210 shares of the basic materials company’s stock valued at $5,183,000 after buying an additional 1,225 shares in the last quarter. Capital Investment Services of America Inc. boosted its holdings in shares of Ecolab by 1.2% in the first quarter. Capital Investment Services of America Inc. now owns 119,321 shares of the basic materials company’s stock valued at $25,543,000 after buying an additional 1,376 shares during the period. Finally, Destination Wealth Management increased its position in shares of Ecolab by 2.3% during the first quarter. Destination Wealth Management now owns 85,191 shares of the basic materials company’s stock worth $18,237,000 after acquiring an additional 1,947 shares in the last quarter. Institutional investors own 73.21% of the company’s stock.

Shares of ECL stock traded up $0.65 during midday trading on Thursday, hitting $213.41. 4,324 shares of the company were exchanged, compared to its average volume of 1,022,588. Ecolab Inc. has a 52 week low of $181.25 and a 52 week high of $230.00. The stock has a market cap of $61.02 billion, a price-to-earnings ratio of -48.14, a P/E/G ratio of 3.31 and a beta of 0.99. The firm has a 50 day moving average price of $219.54. The company has a quick ratio of 1.33, a current ratio of 1.81 and a debt-to-equity ratio of 1.06.

Ecolab (NYSE:ECL) last issued its quarterly earnings data on Tuesday, April 27th. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). Ecolab had a positive return on equity of 18.17% and a negative net margin of 11.11%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $1.13 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts predict that Ecolab Inc. will post 5.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Tuesday, June 15th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, June 14th. Ecolab’s dividend payout ratio (DPR) is presently 47.76%.

In other news, EVP Timothy P. Mulhere sold 24,471 shares of the company’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $228.27, for a total value of $5,585,995.17. Following the sale, the executive vice president now directly owns 43,438 shares of the company’s stock, valued at approximately $9,915,592.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth A. Simermeyer sold 7,691 shares of the stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $227.53, for a total value of $1,749,933.23. Following the sale, the executive vice president now owns 16,634 shares of the company’s stock, valued at $3,784,734.02. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

A number of research firms have issued reports on ECL. JPMorgan Chase & Co. upgraded Ecolab from an “underweight” rating to a “neutral” rating and set a $220.00 target price for the company in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft raised Ecolab from a “hold” rating to a “buy” rating and lifted their target price for the company from $225.00 to $250.00 in a research report on Monday, March 29th. Morgan Stanley lifted their price objective on shares of Ecolab from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Wednesday, April 28th. Credit Suisse Group increased their target price on shares of Ecolab from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, April 28th. Finally, Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price target on the stock. in a research note on Wednesday, February 17th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $228.00.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and infection prevention solutions and services worldwide. Its Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, and petrochemical industries.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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